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Events and News

We're proud that for more than 25 years The Port Authority of New York and New Jersey has been building partnerships with minority, woman-owned, small and disadvantaged firms, and creating new business connections for them with other public and private organizations in the region. Throughout the year, the Office of Business and Job Opportunity organizes, sponsors and runs events designed to give your company a competitive advantage. We also update you with information about changes in business practices, bid opportunities, news about special events and free seminars and our e-newsletter.

Combined, the budget for 2015 totals $7.8 billion, which includes debt service.

The Capital Budget will support 7,320 direct job-years and direct payroll wages of $674.7 million. Including indirect and induced effects, the total economic activity impact amounts to 16,730 total job-years, $1.1 billion in wages, and $4.7 billion in economic activity.

Some additional noteworthy points:

The $2.9 billion Operating Budget continues to hold expense growth for ongoing agency operations to 1.8 percent – at or below the rate of inflation for the 9th consecutive year. While reflecting the agency’s continued fiscal discipline, the Operating Budget allows for increased investments in several critical areas including facility maintenance and initiatives to enhance the competitiveness of the agency’s facilities.

The $3.6 billion Capital Budget will help build and maintain critical infrastructure at the Port Authority’s airports, tunnels, bridges, terminals, ports, PATH system and move toward completion of the World Trade Center site. Of the total Capital Budget:

$1 billion is dedicated specifically for investment in the region’s interstate transportation system including tunnels, bridges and terminals, and PATH.

An additional $778 million is dedicated to airport terminal development, runway and taxiway improvements, security enhancements.

An additional $153 million is earmarked for Port Commerce state-of-good-repair projects and the redevelopment of the Greenville Yard site in Jersey City.

An additional $1.6 billion is budgeted to complete construction of projects at the World Trade Center site, including the Transportation Hub and retail establishments.

Some highlights of the overall 2015 Capital Budget include:

$329 million for state of good repair work on airport runways and taxiway reconstruction.

$271 million for continued construction of the Bayonne Bridge “Raise the Roadway” project.

$260 million of Port Authority funded work for the LaGuardia Airport Central Terminal Building project.

$212 million for John F. Kennedy International Airport runway and taxiway rehabilitation.

$35 million to modernize PATH stations, including the Harrison PATH Station.

$35 million of Port Authority funded work as part of the ongoing $1.5 billion public-private partnership for construction of a new Goethals Bridge.

$36 million for continued redevelopment of the George Washington Bridge Bus Station.

$28 million to build a new ExpressRail system at Greenville Yard in Jersey City that allows cargo to be moved by rail.

$16 million for the Port Authority Quality of Commute improvement program.

$13 million for Terminal A redevelopment at Newark Liberty International Airport.

$6.4 million for planning work for the PATH extension to Newark Liberty International Airport.

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RESILIENCY

Are you prepared to be part of our region's future?

PANYNJ is proactively increasing the resiliency of existing and future facilities. We welcome your interest as a DBE in playing a key role in efforts to weather future climate events and plan for tomorrow's emergency needs today.